Earnings Per Share

9 Months Ended

Jun. 28, 2019

EARNINGS PER SHARE:

Basic earnings per share is computed using the weighted average number of common shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of stock awards.

The following table sets forth the computation of basic and diluted earnings per share attributable to the Company's stockholders (in thousands, except per share data):



	Three Months Ended				Nine Months Ended
	June 28, 2019		June 29, 2018		June 28, 2019		June 29, 2018
Earnings:
Net income attributable to Aramark stockholders	$	82,955	$	72,577	$	362,992	$	392,430
Shares:
Basic weighted-average shares outstanding	246,928		246,028		246,665		245,588
Effect of dilutive securities	4,219		5,829		4,606		6,643
Diluted weighted-average shares outstanding	251,147		251,857		251,271		252,231

Basic Earnings Per Share:
Net income attributable to Aramark stockholders	$	0.34	$	0.29	$	1.47	$	1.60
Diluted Earnings Per Share:
Net income attributable to Aramark stockholders	$	0.33	$	0.29	$	1.44	$	1.56

Share-based awards to purchase 7.3 million and 3.7 million shares were outstanding for the three months ended June 28, 2019 and June 29, 2018, respectively, but were not included in the computation of diluted earnings per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.6 million shares and 1.8 million shares were outstanding for the three month periods of June 28, 2019 and June 29, 2018, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.

Share-based awards to purchase 7.8 million and 1.6 million shares were outstanding for the nine months ended June 28, 2019 and June 29, 2018, respectively, but were not included in the computation of diluted earnings per common share, as their effect would have been antidilutive. In addition, PSUs related to 1.6 million shares and 1.8 million shares were outstanding for the nine month periods of June 28, 2019 and June 29, 2018, respectively, but were not included in the computation of diluted earnings per common share, as the performance targets were not yet met.